Yahoo! PayDirect was the name of a person-to-person money transfer service by Yahoo!

Yahoo!

Yahoo! Inc. is an American multinational internet corporation headquartered in Sunnyvale, California, United States. The company is perhaps best known for its web portal, search engine , Yahoo! Directory, Yahoo! Mail, Yahoo! News, Yahoo! Groups, Yahoo! Answers, advertising, online mapping ,...

 via HSBC

HSBC

HSBC Holdings plc is a global banking and financial services company headquartered in Canary Wharf, London, United Kingdom. it is the world's second-largest banking and financial services group and second-largest public company according to a composite measure by Forbes magazine...

, competing with Billpoint

Billpoint

Billpoint was the name of a person-to-person money transfer service founded in 1998 and purchased in 1999 by online auctioneer eBay. Billpoint's website was taken offline while eBay integrated Billpoint into their auction service, and it did not reappear until the Spring of 2000 when it was...

 and PayPal

PayPal

PayPal is an American-based global e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders....

.

Yahoo launched PayDirect in March 2000 after purchasing Athas, a provider of electronic billing services. Athas' dotBank.com service allowed customers to make online bill payments and to exchange money with other customers. When Yahoo! took over the site, the accounts were managed by international bank HSBC.

In 2000, Yahoo extended the Yahoo! PayDirect service to mobile phones, as part of its Yahoo Everywhere initiative.

The Yahoo! PayDirect service was discontinued effective November 22, 2004, leaving only a web page (biz.yahoo.com/paydirect/index.html) showing "The PayDirect service and web site is closed and now unavailable."